Standard Bank set to unveil major new growth strategy
The unrest that captured global attention in July is not likely to derail SA’s economic recovery, the bank says
Standard Bank, Africa’s biggest bank by assets, says SA’s worst riots in decades may have dented investor confidence but is unlikely to derail a nascent economic recovery that has bolstered its confidence in its own growth prospects.
The 158-year old bank is due to announce major changes to its strategic direction on Friday, a day after unveiling a plan to build in-store branches at selected Pick n Pay outlets in Gauteng and the Western Cape. Standard Bank said the partnership is aimed at expanding its contact with existing and potential new retail clients...